Vaswani Industries Limited (VASWANI) - Net Assets
Based on the latest financial reports, Vaswani Industries Limited (VASWANI) has net assets worth Rs1.50 Billion INR (≈ $16.23 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.08 Billion ≈ $54.97 Million USD) and total liabilities (Rs3.58 Billion ≈ $38.74 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore VASWANI asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.50 Billion |
| % of Total Assets | 29.53% |
| Annual Growth Rate | 14.96% |
| 5-Year Change | 40.51% |
| 10-Year Change | 72.49% |
| Growth Volatility | 32.51 |
Vaswani Industries Limited - Net Assets Trend (2006–2026)
This chart illustrates how Vaswani Industries Limited's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Vaswani Industries Limited to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Vaswani Industries Limited (2006–2026)
The table below shows the annual net assets of Vaswani Industries Limited from 2006 to 2026. For live valuation and market cap data, see VASWANI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs1.50 Billion ≈ $16.23 Million |
+9.18% |
| 2025-03-31 | Rs1.37 Billion ≈ $14.87 Million |
+13.02% |
| 2024-03-31 | Rs1.22 Billion ≈ $13.16 Million |
+7.99% |
| 2023-03-31 | Rs1.13 Billion ≈ $12.18 Million |
+5.45% |
| 2022-03-31 | Rs1.07 Billion ≈ $11.55 Million |
+4.36% |
| 2021-03-31 | Rs1.02 Billion ≈ $11.07 Million |
+4.67% |
| 2020-03-31 | Rs978.00 Million ≈ $10.58 Million |
+5.65% |
| 2019-03-31 | Rs925.72 Million ≈ $10.01 Million |
+7.00% |
| 2018-03-31 | Rs865.14 Million ≈ $9.36 Million |
-0.58% |
| 2017-03-31 | Rs870.17 Million ≈ $9.41 Million |
+2.08% |
| 2016-03-31 | Rs852.47 Million ≈ $9.22 Million |
+3.02% |
| 2015-03-31 | Rs827.48 Million ≈ $8.95 Million |
-0.61% |
| 2014-03-31 | Rs832.52 Million ≈ $9.00 Million |
+1.70% |
| 2013-03-31 | Rs818.59 Million ≈ $8.85 Million |
-10.96% |
| 2012-03-31 | Rs919.34 Million ≈ $9.94 Million |
+102.86% |
| 2011-03-31 | Rs453.19 Million ≈ $4.90 Million |
+12.27% |
| 2010-03-31 | Rs403.66 Million ≈ $4.37 Million |
+49.13% |
| 2009-03-31 | Rs270.69 Million ≈ $2.93 Million |
+15.00% |
| 2008-03-31 | Rs235.38 Million ≈ $2.55 Million |
+17.89% |
| 2007-03-31 | Rs199.67 Million ≈ $2.16 Million |
+116.25% |
| 2006-03-31 | Rs92.33 Million ≈ $998.54K |
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Equity Component Analysis
This analysis shows how different components contribute to Vaswani Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs329.46 Million | 21.95% |
| Other Components | Rs1.17 Billion | 78.05% |
| Total Equity | Rs1.50 Billion | 100.00% |
Vaswani Industries Limited Competitors by Market Cap
The table below lists competitors of Vaswani Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JERICHO OIL
F:JLM
|
$18.46 Million |
|
VAIV Co. Inc.
KQ:301300
|
$18.47 Million |
|
M2N Co.Ltd
KQ:033310
|
$18.48 Million |
|
Dexter Co Ltd
KQ:206560
|
$18.50 Million |
|
Zhonglu Co Ltd B
SHG:900915
|
$18.45 Million |
|
TOMI Environmental Solutions Inc
NASDAQ:TOMZ
|
$18.44 Million |
|
Enerside Energy S.A.
MC:ENRS
|
$18.44 Million |
|
Karya Bersama Anugerah Pt
JK:KBAG
|
$18.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vaswani Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,374,844,000 to 1,500,999,000, a change of 126,155,000 (9.2%).
- Net income of 42,435,000 contributed positively to equity growth.
- New share issuances of 80,000,000 increased equity.
- Other comprehensive income decreased equity by 125,376,999.
- Other factors increased equity by 129,096,999.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs42.44 Million | +2.83% |
| Share Issuances | Rs80.00 Million | +5.33% |
| Other Comprehensive Income | Rs-125.38 Million | -8.35% |
| Other Changes | Rs129.10 Million | +8.6% |
| Total Change | Rs- | 9.18% |
Book Value vs Market Value Analysis
This analysis compares Vaswani Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.55x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs14.58 | Rs51.81 | x |
| 2007-03-31 | Rs26.55 | Rs51.81 | x |
| 2008-03-31 | Rs17.63 | Rs51.81 | x |
| 2009-03-31 | Rs19.24 | Rs51.81 | x |
| 2010-03-31 | Rs27.86 | Rs51.81 | x |
| 2011-03-31 | Rs28.34 | Rs51.81 | x |
| 2012-03-31 | Rs36.88 | Rs51.81 | x |
| 2013-03-31 | Rs31.44 | Rs51.81 | x |
| 2014-03-31 | Rs29.68 | Rs51.81 | x |
| 2015-03-31 | Rs28.88 | Rs51.81 | x |
| 2016-03-31 | Rs29.75 | Rs51.81 | x |
| 2017-03-31 | Rs29.01 | Rs51.81 | x |
| 2018-03-31 | Rs28.84 | Rs51.81 | x |
| 2019-03-31 | Rs30.86 | Rs51.81 | x |
| 2020-03-31 | Rs32.60 | Rs51.81 | x |
| 2021-03-31 | Rs34.12 | Rs51.81 | x |
| 2022-03-31 | Rs35.61 | Rs51.81 | x |
| 2023-03-31 | Rs37.55 | Rs51.81 | x |
| 2024-03-31 | Rs40.55 | Rs51.81 | x |
| 2025-03-31 | Rs45.06 | Rs51.81 | x |
| 2026-03-31 | Rs46.34 | Rs51.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vaswani Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.91%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 3.39x
- Recent ROE (2.83%) is below the historical average (3.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.50% | 3.89% | 0.41x | 3.48x | Rs-4.16 Million |
| 2007 | 2.27% | 1.18% | 0.55x | 3.52x | Rs-15.43 Million |
| 2008 | 14.47% | 4.64% | 0.76x | 4.09x | Rs10.52 Million |
| 2009 | 15.11% | 3.06% | 1.49x | 3.32x | Rs13.83 Million |
| 2010 | 9.12% | 4.00% | 0.80x | 2.86x | Rs-3.55 Million |
| 2011 | 10.93% | 3.41% | 1.02x | 3.16x | Rs4.21 Million |
| 2012 | 1.19% | 0.50% | 1.45x | 1.65x | Rs-81.02 Million |
| 2013 | -13.90% | -5.31% | 1.29x | 2.03x | Rs-195.60 Million |
| 2014 | 0.04% | 0.01% | 1.30x | 2.09x | Rs-82.96 Million |
| 2015 | 1.39% | 0.45% | 1.58x | 1.95x | Rs-71.24 Million |
| 2016 | 1.35% | 0.49% | 1.46x | 1.91x | Rs-73.70 Million |
| 2017 | 2.03% | 0.69% | 1.59x | 1.84x | Rs-69.32 Million |
| 2018 | 5.21% | 1.90% | 1.39x | 1.97x | Rs-41.44 Million |
| 2019 | 1.25% | 0.36% | 1.61x | 2.14x | Rs-80.97 Million |
| 2020 | -2.58% | -0.72% | 1.80x | 2.00x | Rs-123.01 Million |
| 2021 | 3.97% | 1.29% | 1.60x | 1.92x | Rs-61.75 Million |
| 2022 | 4.14% | 1.18% | 1.73x | 2.03x | Rs-62.60 Million |
| 2023 | 5.34% | 1.53% | 1.95x | 1.79x | Rs-52.53 Million |
| 2024 | 7.43% | 2.32% | 2.06x | 1.55x | Rs-31.32 Million |
| 2025 | 6.26% | 2.09% | 1.14x | 2.63x | Rs-51.44 Million |
| 2026 | 2.83% | 0.91% | 0.92x | 3.39x | Rs-107.66 Million |
Industry Comparison
This section compares Vaswani Industries Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $1,140,963,800
- Average return on equity (ROE) among peers: -8.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vaswani Industries Limited (VASWANI) | Rs1.50 Billion | 5.50% | 2.39x | $18.46 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $525.12 Million | 20.07% | 3.19x | $2.47 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $4.72 Billion | 13.50% | 1.73x | $5.83 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $539.25 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.28 Billion | 4.30% | 0.94x | $38.98 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $390.55 Million | -156.08% | 18.26x | $150.48 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-12.07 Billion | 0.00% | 0.00x | $138.91 Million |
| Grand Foundry Limited (GFSTEELS) | $-43.89 Million | 0.00% | 0.00x | $4.70 Million |
| Goodluck India Limited (GOODLUCK) | $2.78 Billion | 5.74% | 2.20x | $541.78 Million |
| Godawari Power And Ispat limited (GPIL) | $8.50 Billion | -8.76% | 2.83x | $1.71 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $707.89 Million | 21.38% | 1.45x | $134.86 Million |
About Vaswani Industries Limited
Vaswani Industries Limited engages in the manufacture and trading of iron and steel products in India. It operates through the Iron & Steel, Power, Real Estate, and Agri Division segments. The company offers alloy ingots, billets and blooms, and sponge irons, as well as value-added products, including induction furnace, steel billets, rolling mill, thermo-mechanically treated bars, and forging an… Read more